West Texas Intermediate crude advanced to near its highest closing level in more than two weeks. OPECís reference price rebounded above $100 a barrel.
WTI reversed losses of 0.6 percent as European stocks and the euro rose amid speculation central banks will maintain monetary stimulus. Brent crude traded near its highest closing price in two weeks as Italian Prime Minister Enrico Letta prepared to finish installing a new government. Hedge funds curbed bullish bets on the North Sea benchmark to their lowest in four months, data from ICE Futures Europe showed...............................................Full Article: Source